Over the last few years, the media has reported many claims of gender and race discrimination against well-known companies. Uber, in particular, faced well-publicized claims of sexual harassment just last year. The allegations also exposed a company culture that was...read more
Many law firms will wait to seek out post-settlement funding until they absolutely need the funds. They prefer to see whether a check will come in, so they can pay bills with their own money instead of going to a third-party. That’s why when firms do go to a funder,...read more
Sex abuse claims against the Catholic Church are continuing around the country. Many of these cases are difficult to litigate because the abuse occurred years ago. In a recent case involving the Buffalo Diocese, the abuse dated back almost 40 years. Under the current...read more
There are many companies offering to provide post-settlement funding to law firms, but they aren’t created equally. Lawyers need to do their due diligence and make sure they are working with a reputable company. In addition to asking specific questions about the...read more
How much money do you need to run your practice? Where will it come from? A cash flow budget is a useful tool to help avoid short-term shortages of money. It is an estimate of all cash receipts and all cash expenditures that are expected to occur during a certain time...read more
It’s common for small firms to obtain some financing from a bank. Typically, this is in the form of a line of credit. However, there are limitations in bank loans and firms may not be able to get all of the funding they need to run their practice. This is particularly...read more
In 2 recent studies, small law firms reported that they spent a significant portion of their time on nonlegal work. Running a law practice is a business and that means there are a lot of administrative tasks that must get done. However, when lawyers do too much of...read more
In an important decision for personal injury litigators, the New York Court of Appeals, the State’s highest court, recently ruled that privacy settings in Facebook do not protect your clients from legitimate discovery requests. In Forman v Henkin, the Court of Appeals...read more
The process of applying for and receiving post-settlement funding is straight-forward and quick for those who follow the funder’s guidelines. However, once a law firm gets the money, attorneys often are concerned about what happens if their settlement is held up...read more
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